Liquefied petroleum gas (LPG) vehicles advance environmental sustainability. As a cleaner-burning fuel, LPG contributes significantly to global efforts to reduce the carbon footprint and combat climate change. Adopting LPG in vehicles aligns seamlessly with sustainability goals, offering a more environmentally friendly mode of transportation. By mitigating greenhouse gas emissions, LPG vehicles contribute to cleaner air quality and represent a tangible solution in the broader initiative to transition towards greener and more sustainable energy sources.
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Data Bridge Market Research analyses the North America Liquefied Petroleum Gas (LPG) Vehicles Market was valued at USD 1,282.21 million in 2021 and is expected to reach USD 2,090.38 million by 2029, registering a CAGR of 6.30% during the forecast period of 2022-2029. Government incentives, such as tax credits, subsidies, and grants, are critical drivers for the growth of the North America liquefied petroleum gas (LPG) vehicles market.
Key Findings of the Study
Increasing infrastructure development is expected to drive the market's growth rate
The growth of the North America liquefied petroleum gas (LPG) vehicles market is significantly driven by infrastructure development, particularly the expansion and enhancement of LPG refueling facilities. The increased availability of refueling stations plays a pivotal role in making LPG vehicles more practical and convenient for consumers and fleet operators. As the refueling infrastructure expands, it addresses accessibility concerns and encourages a broader adoption of LPG as an alternative fuel. This driver contributes to the market's growth and aligns with the evolving preferences for cleaner energy options in the transportation sector, reinforcing the appeal of LPG vehicles in North America.
Report Scope and Market Segmentation
Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2014-2019)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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Vehicle Intake System Type (LPG Liquid Phase Direct Injection (LPDI), LPG Liquid Injection system (LPI), LPG Vapor Phase Injection (VPI), LPG Convertor-and-Mixer Systems), Fuel type (Bio-Fuel LPG, Mono LPG), Vehicle Type (Light Commercial Vehicle, Passenger Cars, Heavy Commercial Vehicle), Sales Channel (OEMs, Aftermarket)
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Countries Covered
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U.S., Canada, and Mexico in North America
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Market Players Covered
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FCA US LLC. (U.K.), Mercedes-Benz Group AG. (Germany), Daimler Truck North America LLC. (U.S), Turtle Top, Inc. (U.S.), Blue Bird Corporation. (U.S.), REV GROUP (U.S.), Starcraft Bus, a Division of Forest River Bus, LLC. (U.S.), Isuzu Commercial Truck of Canada, Inc. (Canada), Ford Motor Company (U.S.), General Motors (U.S.), TOYOTA MOTOR CORPORATION. (U.S.), Honda Motor Co., Ltd. (Japan), Citroën (France), Geely (Hong Kong), FCA India Automobiles Private Limited (Italy), Dongfeng Motor Company (China)
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Data Points Covered in the Report
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In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.
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Segment Analysis:
The North America liquefied petroleum gas (LPG) vehicles market is segmented on the basis of vehicle intake system type, fuel type, vehicle type, and sales channel.
- On the basis of vehicle intake system type, the North America liquefied petroleum gas (LPG) vehicles market is segmented into LPG liquid phase direct injection (LPDI), LPG liquid injection system (LPI), LPG vapor phase injection (VPI), and LPG convertor-and-mixer systems
- On the basis of fuel type, the North America liquefied petroleum gas (LPG) vehicles market is segmented into bio-fuel LPG, and mono LPG
- On the basis of vehicle type, the North America liquefied petroleum gas (LPG) vehicles market is segmented into light commercial vehicle, passenger cars, and heavy commercial vehicle
- On the basis of sales channel, the North America liquefied petroleum gas (LPG) vehicles market is segmented into OEMs, and aftermarket
Major Players
Data Bridge Market Research recognizes the following companies as the major North America liquefied petroleum gas (LPG) vehicles market players in North America liquefied petroleum gas (LPG) vehicles market are FCA US LLC. (U.K.), Mercedes-Benz Group AG. (Germany), Daimler Truck North America LLC. (U.S), Turtle Top, Inc. (U.S.), Blue Bird Corporation. (U.S.), REV GROUP (U.S.), Starcraft Bus, a Division of Forest River Bus, LLC. (U.S.)
Market Developments
- In October 2022, Maire Tecnimont S.p.A., a prominent engineering and contracting company, announced a significant milestone with its principal subsidiary, Tecnimont S.p.A. The subsidiary secured an Engineering, Procurement, and Construction (EPC) contract from SONATRACH's Direction Centrale Engineering & Project Management. The contract pertains to developing an LPG extraction plant within the established Rhourde El Baguel oil and gas treatment complex in northeastern Algeria. The substantial contract, valued at approximately USD 380 million, underscores Maire Tecnimont's prowess in the execution of complex projects within the oil and gas sector
- 2022 年 9 月，Enterprise Products Partners 宣布了其戰略計劃，以加強其在多產的二疊紀盆地的天然氣液體 (NGL) 基礎設施。該計劃包括擴建其 NGL 管道系統，以及建造兩座加工廠，以滿足該地區不斷增長的產量。具體來說，Enterprise Products Partners 計劃透過引入新管道和對現有泵站進行改造來擴建其 Shin Oak NGL 管道。預計擴建將使管道的輸送能力提升至 275,000 桶/日，預計於 2024 年初完工。此項工作符合 Enterprise Products Partners 的承諾，即促進 NGL 的高效運輸和加工，以應對二疊紀盆地的持續成長。
- 2022 年 2 月，印度能源領域的主要參與者印度石油公司 (IOC) 宣布了雄心勃勃的計劃，以提高其在印度東北部的液化石油氣裝瓶能力。該公司概述了其建造三座專門用於液化石油氣裝瓶的新工廠的計劃，旨在將年生產能力提高近 53%，到 2030 年達到 8 千萬瓶。為了實現這項擴張計劃，IOC 預計總投資為 4,300 萬至 4,600 萬美元。國際石油公司的這項策略性舉措體現了該公司對東北地區不斷增長的液化石油氣需求的積極響應，重申了該公司對基礎設施建設和滿足新興市場能源需求的承諾
- 2021年3月，道達爾啟動了其創新產品道達爾切割氣體的初始分銷階段，目標是卡納塔克邦和泰米爾納德邦的金屬切割產業。切割氣是一種專為高溫應用而設計的成癮性液化石油氣，是傳統用於金屬切割的乙炔的更安全、更有效的替代品。道達爾旨在透過解決與乙炔相關的安全問題來徹底改變金屬切割實踐，為這些地區的企業提供滿足其金屬加工需求的卓越解決方案。此舉凸顯了道達爾致力於提高工業領域安全和性能標準的承諾，並有可能重塑印度主要邦的金屬加工實踐
區域分析
從地理上看，北美液化石油氣 (LPG) 汽車市場報告涵蓋的國家包括北美的美國、加拿大和墨西哥。
根據 Data Bridge 市場研究分析：
2022-2029 年預測期內，美國是北美液化石油氣 (LPG) 汽車市場的主導國家
由於多種因素，美國在液化石油氣（LPG）汽車市場佔據主導地位。在環保議題和政府激勵措施的推動下，該國採用替代燃料汽車的人數激增。完善的基礎設施，包括廣泛的加油站網絡，支持了液化石油氣燃料的便利性和可及性。聯邦和州政府的政策和激勵措施鼓勵對液化石油氣汽車的投資，促進市場成長。擁有技術專長和研究能力的製造公司的存在有助於多樣化 LPG 汽車選擇的創新和生產。
據估計，在 2022-2029 年預測期內，加拿大將成為北美液化石油氣 (LPG) 汽車市場成長最快的國家
加拿大預計將在 2022 年至 2029 年間經歷大幅成長，這得益於該地區製造商的關注度不斷提高以及對環保實踐的日益重視。製造商日益濃厚的興趣凸顯了加拿大市場的經濟潛力。此外，由於政府加強了對環境永續性的監管，該國的區域市場也正在經歷成長。加拿大對環保措施的承諾為採用綠色技術的產業創造了良好的環境，使該國成為全球向永續實踐轉變的關鍵參與者。
有關北美液化石油氣（LPG）汽車市場報告的更多詳細信息，請點擊此處 - https://www.databridgemarketresearch.com/reports/north-america-lpg-vehicles-market
